Categories: IT & Communication Technology

Mobile Virtualization Market Size, Overview, Outlook, Trends, Size 2024-2033 | International Business Machines Corporation, VMware Inc., CA Technologies Inc., Oracle Corporation, Microsoft Corporation

The Mobile Virtualization by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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https://www.thebusinessresearchcompany.com/report/mobile-virtualization-global-market-report

According to The Business Research Company’s Mobile Virtualization, The mobile virtualization market size has grown rapidly in recent years. It will grow from $7.76 billion in 2023 to $9.23 billion in 2024 at a compound annual growth rate (CAGR) of 18.9%. The growth in the historic period can be attributed to device fragmentation, customization and personalization, testing and development environments, enhanced security needs, legacy application support..

The mobile virtualization market size is expected to see exponential growth in the next few years. It will grow to $19.33 billion in 2028 at a compound annual growth rate (CAGR) of 20.3%. The growth in the forecast period can be attributed to secure access to corporate resources, flexible work environments, digital transformation initiatives, extended lifecycle for legacy devices, focus on mobile security.. Major trends in the forecast period include .

Increased adoption of cloud-based solutions is expected to propel the growth of the mobile virtualization market going forward. Cloud-based solutions refer to software, services, and resources that are delivered over the internet and hosted on remote servers rather than on local servers or personal computers. Mobile virtualization plays a role in cloud-based solutions by enabling the installation of multiple operating systems on the same mobile device, promoting multi-functionality, and allowing users to access enterprise computer systems from almost any device. For instance, in December 2021, according to Eurostat, a Luxembourg-based intergovernmental organization, 41% of EU enterprises used cloud computing in 2021, primarily for hosting their e-mail systems and storing files in electronic form, an increase of 5 percentage points compared to 2020. Therefore, the increased adoption of cloud-based solutions is driving the growth of the mobile virtualization market.

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The mobile virtualization market covered in this report is segmented –

1) By Technology: Hypervisor, Application Containers, Mobile Device Management, Other Technologies

2) By Organization Size: Large Enterprises, Small and Medium Enterprises

3) By Application: Enterprise, Consumer

4) By End Users: Retail, Media and entertainment, Energy and utility, BFSI, IT and Telecom, Other End Users

Strategic collaborations have emerged as a key trend gaining popularity in the mobile virtualization market. Companies in the mobile virtualization market are focusing on strategic collaborations and partnerships to expand their market share. For instance, in December 2023, Rakuten Mobile, a Japan-based mobile network operator company, partnered with the New Energy and Industrial Technology Development Organization (NEDO), a Japan-based national research and development agency, to finish a research and development effort aiming at combining general-purpose hardware and cloud technology to commercially deploy fully virtualized 5G standalone (SA) mobile network radio access network equipment. Rakuten Mobile improved performance and expanded network capabilities by implementing 5G SA and radio access network (RAN) slicing through the use of virtualization technologies.

The mobile virtualization market report table of contents includes: